LSEG Celebrates Africa’s Most Dynamic Growth Businesses in 2019

Enterprise Network- Penny-Mourdant

LSEG Celebrates Africa’s Most Dynamic Growth Businesses in 2019

The London Stock Exchange Group (LSEG) which has a long history of supporting the development of African capital markets and investment in African companies, on Monday launched the second edition of its ‘Companies to Inspire Africa’ report, identifying and celebrating some of Africa’s most dynamic growth businesses.

Speaking at the event, International Development Secretary, Penny Mordaunt, said “Africa is going through a period of enormous change. Five of the world’s fasting-growing economies are African and by 2050 a quarter of the world’s population will live there. This growth presents unique opportunities for us all.

“The Companies to Inspire Africa report highlights the leading private companies operating in Africa, which have the most inspiring stories and the strongest growth potential. By combining African-led ambition with British expertise we can unlock investment and create more jobs for Africa and the UK. This is a win for Africa and a win for the UK.”

CEO, LSEG, David Schwimmer, said, “LSEG’s ‘Companies to Inspire Africa’ report showcases inspirational and entrepreneurial businesses from across the African continent, representing a wide variety of industries and countries. It is particularly encouraging to see the increasing influence of women in leadership roles in these fast-growing companies, playing a pivotal role in shaping the future of African business.

These high growth companies have the potential to transform the African economy and become tomorrow’s job creators.  At LSEG, we are committed to helping companies realise that potential and we are pleased to highlight and celebrate the company success stories behind one of the world’s fastest growing markets.”

Also, West Africa Regional Senior Partner, PwC, Uyi Akpata, said “We are extremely honored to partner again with LSEG for the second series of the ‘Companies to Inspire Africa’ report. At PwC, we view private businesses as a critical catalyst to job creation, economic growth, and innovation.

Initiatives such as this help expose these companies to a global audience, and we hope will lead to further collaboration across border with London-based investors and strategic partners. It is also great to see the public sector represented here. It is an important testament to their commitment to supporting the private sector and continuing to drive improvements in ease of doing business.

He added, “We are also looking forward to hosting the Lagos launch, especially given Nigeria has the single largest representation with 97 of the 360 companies. We at PwC are committed to supporting private businesses and applaud LSEG for this initiative.”

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